New Board:
BDCA Venture, Inc. Announces Election of New Directors and Results on Other Proposals Presented at 2015 Annual Meeting
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--July 14, 2015--At the 2015 Annual Meeting of Stockholders of BDCA Venture, Inc. (the “Company”) held on July 9, 2015, the Company’s stockholders elected four directors to serve until the 2016 Annual Meeting or until their respective successors are duly elected and qualified. The Company’s stockholders elected Richard Cohen, Andrew Dakos and Gerald Hellerman, each of whom was nominated by Bulldog Investors, LLC (“Bulldog”). The Company’s stockholders also elected Timothy J. Keating, who was nominated by the Company’s management.
At the 2015 Annual Meeting, the Company’s stockholders also approved a proposal submitted by Bulldog to have the Company’s Board of Directors consider adopting a plan to “maximize shareholder value within a reasonable period of time.”
At the 2015 Annual Meeting, a proposal submitted by Bulldog to terminate the Company’s investment advisory agreement with BDCA Venture Adviser, LLC (the “Adviser”) failed to receive the required vote of the stockholders and was not adopted by the Company’s stockholders.
The detailed preliminary voting results for the 2015 Annual Meeting are contained in Form 8-K filed with the SEC on July 14, 2015.
The results of the election of directors and two Bulldog proposals are based on preliminary voting results, and are subject to change. The Company intends to file an amendment to its Current Report on Form 8-K to announce such final results and outcomes.
